Tape Speed Pulse (Pace + Direction) [v6 + Climax]

Tape Speed Pulse (Pace + Direction) [v6 + Climax]

One-liner:
A lightweight “tape pulse” that turns intraday bursts of buying/selling into an easy-to-read histogram, with surge, slowdown, and climax (exhaustion) markers for fast decision-making. Use on sec and min charts.

What it measures

Pace (RVOL): current bar volume vs the recent average (smoothed).
Direction proxy: uptick/downtick by comparing close to close[1].
Pulse (histogram): direction × pace, so you see who’s pushing and how fast.

Colors

- Lime = Buy surge (pace ≥ threshold & upticking)
- Red = Sell surge (pace ≥ threshold & downticking)
- Teal = Buy pressure, sub-threshold
- Orange = Sell pressure, sub-threshold
- Faded/gray = Near-neutral pace (below the Neutral Band)

Lines (toggleable)

-White = Pace (RVOL)
- Yellow = Slowdown line = a drop of X% from the last 30-bar peak pace

Background tint mirrors the current state so you can glance risk: greenish for buy pressure, reddish for sell pressure.

Signals & alerts

- BUY surge – fires when pace crosses above the surge threshold with uptick direction (optional acceleration & uptick streak filters; cooldown prevents spam).

- SELL surge – mirror logic to downside.
- Slowdown – fires when pace crosses below the yellow slowdown line while direction ≤ 0 (early fade warning).

Climax (exhaustion)

- Buy Climax: previous bar was a buy surge with a large upper wick; current bar slows (below slowdown line) and direction ≤ 0.

- Sell Climax: mirror (large lower wick → slowdown → direction ≥ 0).

- Great for trimming/tight stops or fade setups at obvious spikes.

- Create alerts via Add alert → Condition: this indicator → choose the specific alert (BUY surge, SELL surge, Slowdown, Buy Climax, Sell Climax).

How to use it (playbook)

- Longs (e.g., VWAP reclaim / micro pullback)
- Only take entries when the pulse is teal→lime (buy pressure to buy surge).
- Into prior highs/VWAP bands, take partials on lime spikes.
- If you get a Slowdown dot and bars turn orange/red, tighten or exit.


Shorts (failed reclaim / lower-high)

- Look for teal→orange→red with rising pace at a level.
- Add confidence if a Buy Climax printed right before (exhaustion).
- Risk above the spike; don’t fight true ignitions out of bases.

Simple guardrails

- Avoid new longs when the histogram is orange/red; avoid new shorts when teal/lime.
- Use with VWAP + 9/20 EMA or your levels. The pulse is confirmation, not the whole thesis.

Inputs (what they do & when to tweak)

- Pace lookback (bars) – window for average volume. Lower = faster; higher = steadier.
Too jumpy? raise it. Missing quick bursts? lower it.

- Smoothing EMA (bars) – smooths pace. Higher = calmer.
Use 4–6 during the open; 3–4 midday.

- Surge threshold (× RVOL) – how fast counts as a surge.
Too many surges? raise it. Too late? lower it slightly.

- Slowdown drop from 30-bar max (%) – how far below the recent peak pace to call a slowdown.
Higher % = later slowdown; lower % = earlier warning.

- Neutral band (× RVOL) – paces below this fade to gray.
Raise to clean up noise; lower to see subtle pressure.

- Min seconds between signals – cooldown to prevent spam.
Increase in chop; reduce if you want more pings.

- BUY/SELL: min consecutive upticks/downticks – tiny streak filter.
Raise to avoid wiggles; lower for earlier signals.

Require pace accelerating into signal – ON = avoid stall breakouts; OFF = earlier pings.

Climax options: wick % threshold & “require slowdown cross”.
Raise wick% / require cross to be stricter; lower to catch more fades.

Quick presets

- Low-float runner, 5–10s chart

- Lookback 20, Smoothing 3–4, Surge 2.2–2.8, Slowdown 35–45, Neutral 1.0–1.2, Cooldown 15–25s, Streaks 2–3, Accel ON.

- Thick large-cap, 1-min

- Lookback 20–30, Smoothing 5–7, Surge 1.5–1.9, Slowdown 25–35, Neutral 0.8–1.0, Cooldown 30–60s, Streaks 2, Accel ON.

- Open vs Midday vs Power Hour

- Open: higher Surge, more Smoothing, longer Cooldown.

- Midday: lower Surge, less Smoothing to catch subtler pushes.

- Power hour: moderate Surge; keep Slowdown on for exits.

Reading common patterns

- Ignition (likely continuation): lime spike out of a base that holds above a level while pace stays above yellow.

- Exhaustion (likely fade): lime spike late in a run with upper wick → Slowdown → orange/red. The Buy Climax diamond is your tell.

Limits / notes

This is an OHLCV-based proxy (TradingView Pine can’t read raw tape/DOM). It won’t match Bookmap/Jigsaw tick-for-tick, but it’s fast and objective.

Use with levels and a risk plan. Past performance ≠ future results. Educational only.